IRS RELEASES SUPPLEMENTAL OID LIST.
Announcement 2000-14; 2000-1 C.B. 772
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
For the full text of Publication 1212, "List of Original Issue
- Code Sections
- Subject Area/Tax Topics
- Index TermsOID, computation
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2000-7222 (2 original pages)
- Tax Analysts Electronic Citation2000 TNT 49-11
Announcement 2000-14
[1] Banks, brokers, and other middlemen who report discount on Treasury bill redemptions on Form 1099-INT must use the owner's purchase price, where available, to determine the amount of discount to report. This information can usually be obtained from the owner's or middleman's records. However, if the owner's purchase price is not available from existing records, the middleman must report the discount as if the holder had purchased the Treasury bill at its original issue price. In this case, the middleman must use as the original issue price the noncompetitive issue price for the longest- maturity Treasury bill maturing on that date.
[2] For Treasury bill redemptions when the owner's purchase price CANNOT be determined, the following list gives the noncompetitive issue prices and corresponding amounts of discount to be reported on Form 1099-INT for Treasury bills maturing May through July 2000. This list, which should also help middlemen determine any amounts subject to backup withholding, supplements the list that appears in 1999 edition of Publication 1212, List of Original Issue Discount Instruments.
[3] Approved February 16, 2000.
Rosalie LaPlante
Acting National Director, Tax
Forms and Publications Division
* * * * *
SHORT-TERM UNITED STATES TREASURY BILLS
Issued at a Discount and Maturing May 2000 - July 2000
Non-
competitive
Issue Price
(% of
Principal
Amount) Dollar
(Single- Amount of OID
price to be Reported
format as (per $1000 of
CUSIP Maturity Issue of November Maturity
Number Date Date 2, 1998) Value)
______________________________________________________________________
912795DU2 05/04/2000 11/04/1999 97.427 25.73
912795DV0 05/11/2000 11/12/1999 97.426 25.74
912795DW8 05/18/2000 11/18/1999 97.364 26.36
/*/ 912795DX6 05/25/2000 05/27/1999 95.319 46.81
912795DY4 06/01/2000 12/02/1999 97.305 26.95
912795DZ1 06/08/2000 12/09/1999 97.326 26.74
912795EA5 06/15/2000 12/16/1999 97.265 27.35
/*/ 912795EB3 06/22/2000 06/24/1999 95.056 49.44
912795EC1 06/29/2000 12/30/1999 97.217 27.83
912795ER8 07/06/2000 01/06/2000 97.176 28.24
912795ET4 07/13/2000 01/13/2000 97.260 27.40
/*/ 912795ED9 07/20/2000 07/22/1999 95.238 47.62
912795EU1 07/27/2000 01/27/2000 97.209 27.91
/*/ 52 week bill
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
For the full text of Publication 1212, "List of Original Issue
- Code Sections
- Subject Area/Tax Topics
- Index TermsOID, computation
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2000-7222 (2 original pages)
- Tax Analysts Electronic Citation2000 TNT 49-11